OPERATING AND REPORTING SEGMENTS (Tables)

3 Months Ended

Mar. 31, 2025

Segment Reporting [Abstract]

Summary of Reporting Segments

Our reporting segments are as follows:

East	Atlanta, Charlotte, Jacksonville, Naples, Orlando, Raleigh, Sarasota, and Tampa
Central	Austin, Dallas, Denver, Houston, and Indianapolis
West	Bay Area, Las Vegas, Phoenix, Portland, Sacramento, Seattle, and Southern California
Financial Services	Taylor Morrison Home Funding, Inspired Title & Escrow Services, and Taylor Morrison Insurance Services

Summary of Segment Information

The segment information is consistent with the metrics reviewed by the CODM and is as follows (in thousands):

	Three Months Ended March 31, 2025
	East		Central		West		Financial Services		Operating and Reporting Segment Subtotal		Corporate and Unallocated(1)		Total
Home closings revenue, net	$	625,714	$	477,494	$	726,860	$	—	$	1,830,068	$	—	$	1,830,068
All other revenue	6,098		3,721		888		51,193		61,900		4,051		65,951
Total revenue	631,812		481,215		727,748		51,193		1,891,968		4,051		1,896,019
Cost of home closings	473,553		361,657		556,150		—		1,391,360		—		1,391,360
All other cost of sales	6,288		2,950		932		28,321		38,491		2,894		41,385
Total cost of revenue	479,841		364,607		557,082		28,321		1,429,851		2,894		1,432,745
Home closings gross margin	152,161		115,837		170,710		—		438,708		—		438,708
Total gross margin	151,971		116,608		170,666		22,872		462,117		1,157		463,274
Sales, commissions, and other marketing costs(2)	(39,383)		(30,190)		(36,052)		—		(105,625)		(3,451)		(109,076)
General and administrative expenses	(11,996)		(8,081)		(11,937)		—		(32,014)		(35,534)		(67,548)
Net income/(loss) from unconsolidated entities	—		58		(49)		3,096		3,105		(1,130)		1,975
Interest and other (expense)/income(3)	(4,088)		(3,837)		(5,254)		340		(12,839)		2,783		(10,056)
Income before income taxes	$	96,504	$	74,558	$	117,374	$	26,308	$	314,744	$	(36,175)	$	278,569

(1) Includes the activity from our Build-To-Rent and Urban Form operations.

(2) Includes corporate marketing expense allocations.

(3) Interest and other (expense)/income, net includes pre-acquisition write-offs of terminated projects.

	Three Months Ended March 31, 2024
	East		Central		West		Financial Services		Operating and Reporting Segment Subtotal		Corporate and Unallocated(1)		Total
Home closings revenue, net	$	541,730	$	472,032	$	622,493	$	—	$	1,636,255	$	—	$	1,636,255
All other revenue	5,581		6,458		336		46,959		59,334		4,163		63,497
Total revenue	547,311		478,490		622,829		46,959		1,695,589		4,163		1,699,752
Cost of home closings	395,328		349,161		498,720		—		1,243,209		—		1,243,209
All other cost of sales	6,095		5,097		444		25,143		36,779		2,919		39,698
Total cost of revenue	401,423		354,258		499,164		25,143		1,279,988		2,919		1,282,907
Home closings gross margin	146,402		122,871		123,773		—		393,046		—		393,046
Total gross margin	145,888		124,232		123,665		21,816		415,601		1,244		416,845
Sales, commissions, and other marketing costs(2)	(35,057)		(32,810)		(34,283)		—		(102,150)		(450)		(102,600)
General and administrative expenses	(11,144)		(6,583)		(10,465)		—		(28,192)		(39,372)		(67,564)
Net (loss)/income from unconsolidated entities	—		(41)		(26)		2,897		2,830		(79)		2,751
Interest and other (expense)/income(3)	(827)		(2,415)		(3,518)		730		(6,030)		5,478		(552)
Income before income taxes	$	98,860	$	82,383	$	75,373	$	25,443	$	282,059	$	(33,179)	$	248,880

(1) Includes the activity from our Build-To-Rent and Urban Form operations.

(2) Includes corporate marketing expense allocations.

(3) Interest and other (expense)/income, net includes pre-acquisition write-offs on terminated projects.

Summary of Assets by Segment

	As of March 31, 2025
	East		Central		West		Financial Services		Operating and Reporting Segment Subtotal		Corporate and Unallocated(1)		Total
Real estate inventory and land deposits	$	2,459,738	$	1,244,629	$	2,949,650	$	—	$	6,654,017	$	—	$	6,654,017
Investments in unconsolidated entities	91,378		190,669		94,829		5,483		382,359		92,833		475,192
Other assets	157,540		222,783		594,023		314,336		1,288,682		966,237		2,254,919
Total assets	$	2,708,656	$	1,658,081	$	3,638,502	$	319,819	$	8,325,058	$	1,059,070	$	9,384,128

(1) Includes the assets from our Build-To-Rent and Urban Form operations.

	As of December 31, 2024
	East		Central		West		Financial Services		Operating and Reporting Segment Subtotal		Corporate and Unallocated(1)		Total
Real estate inventory and land deposits	$	2,389,791	$	1,296,272	$	2,847,689	$	—	$	6,533,752	$	—	$	6,533,752
Investments in unconsolidated entities	86,378		164,434		94,864		5,483		351,159		88,562		439,721
Other assets	173,489		225,846		610,212		297,107		1,306,654		1,017,004		2,323,658
Total assets	$	2,649,658	$	1,686,552	$	3,552,765	$	302,590	$	8,191,565	$	1,105,566	$	9,297,131

(1) Includes the assets from our Build-To-Rent and Urban Form operations.